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Skills shortage remains a hindrance to growth

The CBI’s annual Education and Skills survey shows that well reported skills problems remain a barrier to growth in the UK.

Published last month, the findings suggest that skills shortages are not being addressed and that employer confidence is still undermined by concerns over their ability to recruit and retain the skilled individuals they need.

294 firms employing 1.24 million workers took part in the survey. Thirty nine per cent said they are struggling to recruit workers...

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Company Buzz

Over the last two years, there has been significant investment from global automotive manufacturers in the UK. To build on this success, Business Secretary Vince Cable announced last month that he is setting up the Automotive Investment Organisation (AIO) which will be led by Joe Greenwell, the former Chairman of Ford.

The former chairman of Ford in Britain who retired in April with more than 40 years experience in the industry will be chief executive of the Automotive Investment Organisation, which will receive up to £3m of funding over the next two years, after being launched by business secretary Vince Cable.

It will be led by UK Trade and Investment and take strategic direction from the Automotive Council – a joint...